Nigeria is currently facing severe economic challenges characterized by persistently high inflation rates, causing immense hardship for the citizens during President Bola Ahmed Tinubu’s reign over the last six months. The nation is grappling with issues such as Naira depreciation, rising insecurity, and an overall decline in the standard of living.NYSC Portal The latest figures … Read more
A recent report by Estate Intel suggests that macroeconomic and political uncertainties are making African real estate less attractive for foreign investments.informationguidenigeria The report highlights that declining macroeconomic indicators may impact African real estate in 2024, resulting in reduced market activity across the continent. Factors such as currency performance, inflation, increasing debt levels, and potential … Read more
As Nigeria’s inflation rate rose to a new 17-year high of 22.79 percent in June 2023, experts have forecasted worse indices in months ahead with the latest fuel hike. NAIJA NEWS reports.Information Guide Nigeria Naija News reported on Tuesday that the Nigerian National Petroleum Company (NNPC) Limited (NNPCL) announced a new hike in the pump price … Read more
The International Monetary Fund (IMF) has called on the Central Bank of Nigeria (CBN) to continue its anti-inflation campaign ahead of the expected presidency of Bola Tinubu from May 29th, 2023. According to LEGIT.NG, the IMF Director of the Research Department, Pierre-Oliver Gourinch gave the advice while releasing the World Economic Outlook report at the … Read more
Naira scarcity, fuel scarcity, naira redesign policy and inflation of food commodities have been identified as key drivers that are pushing over 24 million Nigerians into hunger.Information Guide Nigeria The naira redesign policy has constituted a bottleneck to households’ ability to access cash as well as food commodities, the prolonged scarcity of petrol. The hike … Read more
Sola Obadimu, Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mining, and Agriculture, has stated that Nigeria’s current inflation rate poses a serious threat to the survival of businesses across the country. Obadimu forecasted that Nigeria’s inflation rate would rise further in 2023, while the naira would depreciate further.Information Guide Nigeria The NACCIMA … Read more
As inflation remained elevated, retail sales in the United States continued to decline in December, falling 1.1%, as reported by the Commerce Department on Wednesday. CNN reports that this is the largest monthly decline since December 2021, and virtually every category (with the exception of building materials, groceries, and sporting goods) experienced a decline in … Read more
Festus Keyamo, the spokesperson for the presidential campaign committee of All Progressives Congress presidential candidate Asiwaju Bola Tinubu, has stated that the inflation rate under President Major General Muhammadu Buhari (retd.) is not the highest in the country’s history.Information Guide Nigeria On Monday’s Arise TV morning show, the Senior Advocate of Nigeria was replying to … Read more
The value of manufactured products exchanged decreased 36%, from N4.51 trillion in the second quarter of 2021 to N2.87 trillion in the same time of 2022, according to research from The PUNCH.Information Guide Nigeria The National Bureau of Statistics’ foreign trade data for the second quarter of this year and its equivalent quarter in 2021 … Read more
Nigeria’s inflation rate rose to 19.64 percent in July, the highest since September 2005, the National Bureau of Statistics [NBS] said on Monday. PREMIUM TIME reports. The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged 17-year high from 18.60 percent in the previous month. jamb results … Read more